MONTPELIER, Vt. (AP) - Owners of rental properties in Barre, Plainfield and surrounding areas damaged by flooding in July can get help from a loan program.
Owners of multi-family rental housing properties that sustained physical flood-related damage are eligible to participate in the program, announced Tuesday by Gov. Peter Shumlin, Barry Mayor Thom Lauzon and the Vermont Economic Development Authority.
Allowable project costs include those for documented cleanup reimbursement costs; replacement of furnaces and other machinery and equipment; repair of structural damage; and other costs directly related to flood damage.
Authorities noted that while businesses and homeowners have access to flood assistance programs, non-occupier owners of rental properties fall through a gap. The program would help them.
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